Rupee opens lower at 95.17 amid rising crude oil prices
pre-market1 source ↓written by the desknot a recommendation
- to open
- 20 paise
- against the US
- 95.17
- US dollar
- 8 July
- Treasury note reached
- 4.5650%
The Indian rupee fell 20 paise to open at 95.17 against the US dollar on 8 July. This decline follows a sharp increase in crude oil prices and higher US Treasury yields, which have raised inflation concerns and weighed on investor sentiment. The yield on the benchmark 10-year US Treasury note reached 4.5650%, its highest in nearly a month.
Most Asian currencies and regional equity markets traded lower, indicating broader market pressures. The stronger dollar and rising crude prices pose significant headwinds for the rupee.
Not investment advice. For informational purposes only.